Tag: MO
Macau’s casino industry recorded a gross gaming revenue (GGR) of MOP14.72 billion ($1.83bn) for the month of April - an increase of 450%.
Casino operator SJM Holdings has announced a renewal of its agreement with L'Arc Entertainment, running from 2023 to 2025.
Macau Police have reported busting an illegal online gambling ring involving 15 people who also cover their illicit gains through money laundering.
Macau’s Gaming Inspection and Coordination Bureau, also known as the DICJ, has extended it’s deadline for the implementation of its Electronic Gaming Machine (EGM) Technical Standards version 2.0. This extension ...
The government of Macau SAR has directed its six concessionaires to pay a new form of tax in the form of an annual gaming floor utilization fee which will essentially ...
MGM Resorts International has announced that it will be injecting an additional $2 billion into its Macau casino subsidiary.
Hong Kong-based casino operator Melco Resorts & Entertainment Limited has given a detailed rundown on the requirements for its ensuing 10-year concession in Macau.
MGM Macau has just been awarded the “Responsible Gaming Implementation Model Unit” by the Macau Government. The award comes as a recognition of the casino’s efforts at promoting responsible gambling ...
Sands China is paying the sum of $377 million to extend its trademark licensing for a period of three years.
Macau casino operators seeking a license in the largest gambling hub in the world will reportedly invest around 100 billion patacas (US$12.4bn) in total over the next decade.
On Sunday morning, the MGM Cotai casino in Macau was instructed by government authorities to shut its doors following the discovery of a COVID-19 case with one of the dealers.
MGM China Ltd is strengthening its holdings by injecting $594 million into the subsidiary company MGM Grand Paradise.
Macau casinos just suffered their lowest monthly gross gaming revenue ever, with this year’s July earnings totaling MOP398 million (US$49m).
Casinos in Macau will be opening tentatively after a shutdown of operations due to a fresh wave of the COVID-19 Omicron variant earlier this month.
Macau’s government has extended the ongoing lockdown on gambling houses and other businesses till Friday.
Non-essential businesses including casinos in Macau have been asked to shut down their operations until July 18 following a COVID outbreak.
Las Vegas Sands (LVS) recently announced a $1 billion loan agreement with Sands China, repayable on July 11, 2028.
In a ruling that could have significant long-term consequences, Wynn Macau has become the first casino operator to retrieve unpaid debts from a client in Malaysia.
A new partnership between casino management company DeClub, and Malta-based investment firm Wide Rich Global Company, could bring about the next generation of casinos — which could be solely floated ...
Taxes generated from gaming operations in Macau increased by 17% year-on-year in the first eight months of the year as the government raked in over $8.78 billion from operators. The ...
GOLDEN Week in Macau has gone off with a bang with a big jump in visitors in comparison to last year. This encouraging result has allayed the fears of investors ...
Casinos in the world’s biggest gambling hub Macau are back on track after shutting down for 33 hours due to Typhoon Mangkhut, which hit some parts of mainland China. This ...
Macau saw its gross domestic product (GDP) increase marginally year-on-year in the second quarter of 2018. With the support of “steady growth in exports of services and private consumption” the ...
MGM Cotai, ran by MGM China Holdings Ltd, will collaborate with external junket partners and open VIP gambling rooms this September. According to the CEO of the company, Grant Bowie, ...
The New Macau Gaming Staff Rights Association, (NMGSRA) has petitioned the Chief Executive of Macau, Fernando Chui Sai On, over wages and working conditions. This was after a protest by ...
Macau could soon be the world’s most wealthy destination, with the gambling mecca closing the gap on Qatar. The gross domestic product of the autonomous state has more than tripled ...
Dragon Corp is blaming Brova Idea, a Norway based company it hired to build the floating casino off Macau, for its inability to make the project a reality. Dragon Corp ...
Patrons of the various casinos in Macau can now heave a sigh of relief with crime in the gambling mecca dropping significantly. Records from the city’s Judiciary Police (JP) indicate ...
A second consecutive month of Macau casino revenues dropping has several big companies reassessing their financial goals in 2018. Wynn Resorts and Las Vegas Sands are two of the companies ...
American-owned gambling resorts in Macau stand to suffer as tensions heat up between China and the United States over trade agreements.
